T1 Energy (TE) Research & Development (2023 - 2024)
T1 Energy (TE) posted Research & Development of $8.6 million for Q3 2024, down 17.89% on a QoQ basis from $10.5 million in Q2 2024, and up 21.59% year-over-year from $7.1 million in Q4 2023.
T1 Energy (TE) Research & Development (2023 - 2024) Analysis & Trends
T1 Energy's Research & Development history runs 2 years deep, the most recent figure standing at $8.6 million for Q3 2024.
- Quarterly Research & Development rose 21.59% year-over-year to $8.6 million in Q3 2024, while the trailing twelve-month figure through Sep 2024 was $41.0 million (changed N/A YoY) and the FY2023 annual result came in at $28.5 million, up 109.64% from the prior year.
- Research & Development was $8.6 million for Q3 2024 at T1 Energy, down from $10.5 million in the prior quarter.
- Across five years, Research & Development topped out at $11.7 million in Q1 2024 and bottomed at $4.8 million in Q1 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 1.48 Mn |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | - |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 56.85 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | - |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 22.70 Mn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 62.40 Mn |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | - |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 4.29 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | - |
| 10 | T1 Energy | 1.58 Bn | 1.42 Bn | 29.08 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 8.62 Mn |
| Jun 30, 2024 | 10.49 Mn |
| Mar 31, 2024 | 11.75 Mn |
| Dec 31, 2023 | 10.16 Mn |
| Sep 30, 2023 | 7.09 Mn |
| Jun 30, 2023 | 6.37 Mn |
| Mar 31, 2023 | 4.84 Mn |